XE Market Analysis: Asia – Jul 05, 2017

The dollar was relatively steady through the morning session, though later slipped briefly to N.Y. session lows after the FOMC minutes release, before quickly bouncing back above pre-release levels. EUR-USD popped to 1.1357 highs from near 1.1340, before falling to 1.1326 lows. USD-JPY meanwhile, dipped to 112.98 from 113.30, and has since rallied to 113.47 highs. There was nothing in the minutes to give the FX market direction, though it appears the start of balance sheet unwinding may be closer than some had thought[EUR, USD]

Source: XE news feed
XE Market Analysis: Asia – Jul 05, 2017